BT

IBM Buys Insurance Focused Webify

by Miko Matsumura on Aug 02, 2006 |
IBM,announced yesterday it had acquired privately held Webify Solutions to expand in the SOA solutions for Insurance companies.

Webify's most visible contract was part of a $94 Million dollar project to outsource Information Technology operations to IBM at Fireman's Fund, a Novato California based subsidiary of Allianz Insurance based in Germany. Fred Matteson, the CIO of Fireman's Fund at the time of the outsourcing deal had this to say "This move to SOA will directly match our IT resources to our real business needs, We will reduce the size and cost of our existing infrastructure, giving us the resources to partner with our line-of-business colleagues to implement new technologies that can directly impact our bottom line. Our new operating model will differentiate us in the marketplace by making our technological connection with customers the smoothest in the industry." For this work, Matteson was honored with the CIO 100 award in 2005. However, Matteson eventually left Fireman's Fund.

Terms of the transaction were not disclosed. IBM said 120 employees of Webify, based in Austin, Texas, will become IBM employees. Webify has operations in Austin Texas and in Mumbai India.

 

Hello stranger!

You need to Register an InfoQ account or or login to post comments. But there's so much more behind being registered.

Get the most out of the InfoQ experience.

Tell us what you think

Allowed html: a,b,br,blockquote,i,li,pre,u,ul,p

Email me replies to any of my messages in this thread

IBM Acquiring Webify is a SOA Success Story by Eric Roch

The IBM announcement today that they acquired Webify is a significant success story for SOA. Creating a reusable and reconfigurable set of business functions has been the Holy Grail for application vendors for decades. Webify pulled it off and now they have a big payday with the acquisition...

blogs.ittoolbox.com/eai/business/archives/ibm-a...

Re: IBM Acquiring Webify is a SOA Success Story by miko matsumura

The IBM announcement today that they acquired Webify is a significant success story for SOA. Creating a reusable and reconfigurable set of business functions has been the Holy Grail for application vendors for decades. Webify pulled it off and now they have a big payday with the acquisition...


Not entirely clear if it's a big payday, terms were not disclosed.

Allowed html: a,b,br,blockquote,i,li,pre,u,ul,p

Email me replies to any of my messages in this thread

Allowed html: a,b,br,blockquote,i,li,pre,u,ul,p

Email me replies to any of my messages in this thread

2 Discuss

Educational Content

General Feedback
Bugs
Advertising
Editorial
InfoQ.com and all content copyright © 2006-2014 C4Media Inc. InfoQ.com hosted at Contegix, the best ISP we've ever worked with.
Privacy policy
BT